Kathryn Bernardo may be a big star, but that’s not stopping her from venturing into business. Like many celebrities, the young actress knows the value of money, financial stability, and the advantages of entrepreneurship.
Kathryn’s KathNails has grown to more than eight locations since it opened in 2017. Then, in 2019, she opened Barbero Blues, a barbershop with Daniel Padilla. As a young entrepreneur with a successful business, she shared some tips with other aspiring young and millennial entrepreneurs.
1. Don’t be afraid to learn
In an article on Pep, Kathryn said that there’s no easy way to do business but to learn and adapt to the different processes. She said, “Bago pa lang kami dito, and we are still learning. Basta ang importante naman iyong willing ka matuto… It’s part of adulting. Wala tayong kawalan dito. We have to learn. Importante nale-learn mo iyong proseso.”
[We’re still new to this and still learning. The important thing is that we’re learning. It’s all part of adulting. We have nothing to lose, when we try to learn.]
2. Learn from mentors
In an article by Ces Dimalanta of Manila Millenial, she also shared that the young couple also sought advice and assistance from good business mentors. For Kathryn, it’s her Mommy Min who’s very good at handling business. She said, “Siya nagga-guide sa amin. Totoo, grabe siya. Kung paano mag-handle ng money, mga tao. Lahat ng stress, grabe, si Mama iyon.” [She’s the one who guides us on how to handle money and people. My mother handles all the stress.]
This is a good business tip that has been shared by many successful entrepreneurs, including Joel Torre of JT’s Manukan.
3. Keep track of your expenses
When venturing into a business, it’s crucial that you know how to handle money well. Maricar Reyes-Poon’s advice on this is to separate money for business and personal money. For Kathryn, they always make sure that every expense and savings are well-tracked. They have to consider that they have employees relying on them, so they shouldn’t mess up the accounting of their profits and expenses.
She said, “Keep track sa mga gastos mo, kung ano yung mga income mon a pumapasok, ano yung mga lumalabas, kasi with business, lahat yan – kahit piso yan, ten pesos, lahat nagma-matter kasi hindi lang iniisip mo dito (na) kayo lang. May mga empleyado ka na may mga pamilya so kailangan mo rin sila isipin.” [You need to keep track of all your expenses and income. When it comes to no matter, every peso matters. You have to consider you have employees with families relying on you.]
Kathryn may be a budding entrepreneur, but she sure has wise words when it comes to business. We hope you may have learned a thing or two from her. Good luck!
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